Hannover Rueckversicherungs AG Leads Wednesday's AMBG as Global Insurance Index Declines 0.85%

Thu. September 25, 2008; Posted: 10:08 AM

OLDWICK, N.J., Sep 25, 2008 (A. M. Best via COMTEX) -- HVRRY | Quote | Chart | News | PowerRating -- The AMBG closed Wednesday, Sept. 24, at 980.50 (-0.85%). Of the 15 A.M. Best stock indexes, three rose and 12 declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Hannover Rueckversicherungs AG (+8.00%) and Tower Group Inc. (+7.81%). Trailing the list of global insurance stocks were AIG (-33.80%) and Conseco (-15.10%).

The Global Reinsurance Index led the sector indexes, with the U.S. Multi-Line Insurance Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at:

Global Reinsurance Index (AMBGR) +1.26%

U.S. Property/Casualty Insurance Index (AMBUPC) +0.37%

Global Non-Life Insurance Index (AMBGNL) +0.22%

Asia/Pacific Insurance Index (AMBAP) -0.13%

European Insurance Index (AMBEUR) -0.36%

Global Composite Index (AMBG) -0.85%

Global Multi-Line Insurance Index (AMBGML) -0.92%

U.S. Health and HMO Insurance Index (AMBUH) -0.99%

U.S. Insurance Index (AMBUS) -1.22%

Global Insurance Brokers Index (AMBGB) -1.24%

U.S. Life and Health/HMO Insurance Index (AMBULH) -1.35%

U.S. Insurance Brokers Index (AMBUB) -1.40%

U.S. Life Insurance Index (AMBUL) -1.62%

Global Life Insurance Index (AMBGL) -1.80%

U.S. Multi-Line Insurance Index (AMBUML) -8.14%

The U.S. Insurance Index (AMBUS) closed at 904.15 (-1.22%). Leading the AMBUS were Tower Group Inc. (+7.81%) and Independence Holding Co. (+5.43%). Trailing the AMBUS were AIG (-33.80%) and Conseco (-15.10%).

The European Insurance Index (AMBEUR) closed at 1080.33 (-0.36%)%. Leading the AMBEUR were Hannover Rueckversicherungs AG (+8.00%) and Paris Re Holdings (+4.75%). Trailing the AMBEUR were Aviva (-6.43%) and Old Mutual plc (-4.88%).

The Asia/Pacific Insurance Index (AMBAP) closed at 1298.75 (-0.13%). Leading the AMBAP were Korean Reinsurance Co. (+7.44%) and Dongbu Insurance Co. (+3.04%). Trailing the AMBAP were Sompo Japan Insurance (-3.71%) and Aioi Insurance Co. Ltd. (-2.33%).

The Global Reinsurance Index (AMBGR) closed at 1167.91 (+1.26%). Leading the AMBGR were Hannover Rueckversicherungs AG (+8.00%) and Korean Reinsurance Co. (+7.44%). Trailing the AMBGR were RenaissanceRe Holdings Ltd. (-4.88%) and W.R. Berkley Corp. (-4.44%).

The Global Broker Index (AMBGB) closed at 1118.27 (-1.24%). Leading the AMBGB were Jardine Lloyd Thompson Group plc (+3.39%) and Benfield Group (0.00%). Trailing the AMBGB were Aon (-2.85%) and Arthur J. Gallagher & Co. (-1.50%).

The Global Multi-Line Insurance Index (AMBGML) closed at 762.97 (-0.92%). Leading the AMBGML were Hannover Rueckversicherungs AG (+8.00%) and First Acceptance Corp. (+5.08%). Trailing the AMBGML were AIG (-33.80%) and Delphi Financial Group (-8.33%).

The Global Nonlife Insurance Index (AMBGNL) closed at 1192.58 (+0.22%). Leading the AMBGNL were Tower Group Inc. (+7.81%) and Korean Reinsurance Co. (+7.44%). Trailing the AMBGNL were Presidential Life Corp. (-13.41%) and ProAssurance Corp. (-10.42%).

The Global Life Insurance Index (AMBGL) closed at 990.23 (-1.80%). Leading the AMBGL were Independence Holding Co. (+5.43%) and Munich Re (+4.62%). Trailing the AMBGL were Conseco (-15.10%) and Genworth Financial (-14.48%).

The U.S. Property/Casualty Index (AMBUPC) closed at 1201.07 (+0.37%). Leading the AMBUPC were Tower Group Inc. (+7.81%) and First Acceptance Corp. (+5.08%). Trailing the AMBUPC were ProAssurance Corp. (-10.42%) and Fairfax Financial Holdings (-9.60%).

The U.S. Multi-Line Insurance Index (AMBUML) closed at 294.88 (-8.14%). Leading the AMBUML were Atlantic American Corp. (+2.96%) and Unitrin (+1.53%). Trailing the AMBUML were AIG (-33.80%) and Delphi Financial Group (-8.33%).

The U.S. Life Insurance Index (AMBUL) closed at 1174.70 (-1.62%). Leading the AMBUL were Independence Holding Co. (+5.43%) and Principal Financial Group (+2.36%). Trailing the AMBUL were Conseco (-15.10%) and Genworth Financial (-14.48%).

The U.S. Life and Health/HMO Insurance Index (AMBULH) closed at 1051.82 (-1.35%). Leading the AMBULH were Independence Holding Co. (+5.43%) and Coventry Health Care (+2.70%). Trailing the AMBULH were Conseco (-15.10%) and Genworth Financial (-14.48%).

The U.S. Health and HMO Index (AMBUH) closed at 919.22 (-0.99%). Leading the AMBUH were Coventry Health Care (+2.70%) and AFLAC Inc. (+1.23%). Trailing the AMBUH were Health Net (-7.36%) and Triple-S Management Corp. (-4.61%).

The U.S. Insurance Brokers Index (AMBUB) closed at 1098.70 (-1.40%). Leading the AMBUB were Willis Group Holdings (-0.68%) and Marsh & McLennan Cos. (-0.68%). Trailing the AMBUB were Aon (-2.85%) and Arthur J. Gallagher & Co. (-1.50%).

Performance rankings of companies in each A.M. Best insurance sector index are published weekly in BestWeek.

The A.M. Best stock indexes cover 182 publicly traded insurance companies and brokers. Index values are calculated by Dow Jones Indexes in U.S. dollars. Companies in the A.M. Best stock indexes include insurers and insurance-related organizations with credit ratings from A.M. Best, along with brokers. A.M. Best does not provide investment recommendations. A listing of companies in each A.M. Best Index is available at http://www.ambest.com/stocks.

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